ECB Measures Fall Short of Expectations

The European Central Bank's latest round of stimulus measures fell short of many investors' expectations, causing stocks to plunge and the euro to soar.

This transcript has been automatically generated and may not be 100% accurate.

... at its policy meeting Thursday the European Central Bank delivered a package of stimulus measures that was much less than what many investors expected in reaction investors sold stocks and did the euro ... that's bad news for the ECB which has been happy to have the elite depressed levels a lower euro is good for the continent's exporters' and also helps bring some price inflation ... into the eurozone something the economy has sorely lacked something big was widely anticipated on Thursday and in the run up the euro had slid ... down to around one o five against the dollar ... it quickly shot up after the ECB is press conference it was trading near one awaits investors have been looking for ECB president Mariya Draghi in the rest of the governing board to take action on three fronts one to lower its key interest rate ... another to expand the amount to securities purchased under their bond buying program ... and for me to make the program longer on all of this counts the ECB under deliver ... the bond purchase program last six more months it will be no bigger than it was before and the deposit rate cut was about half of what many had hoped ... Mrs Rod is known for over delivering on market expectations why he came out this way is still not clear it was possible he was constrained by more conservative factions on the ECB is bored ... and it is also possible that the ECB is holding some of its fire power in reserve ... they cannot cut the deposit rate indefinitely and it's possible that the central bank wanted to reserve some for later ... the rate cut made in less than many market participants were expecting but among global central banks the ECB is one of the few that is continuing to ease its monetary policy ... the US of a reserve is on track to raise rates in the Bank of England is looking to do so as well ...